Open Text, leverancier van Enterprise Content Management (ECM) oplossingen, maakte onlangs de resultaten over het vierde kwartaal van boekjaar 2005 bekend. De totale omzet in dit kwartaal is 109,4 miljoen USD tegenover 105.0 een jaar eerder.
Het volledige, Engelstalige, persbericht over de kwartaalresultaten vindt u hieronder.
Voor meer informatie kunt u contact opnemen met:
Peter van Kessel / Rianne van der Sar
Edelman
tel: 023-554 20 30
mailto:nl@edelman.com
www.edelmannederland.nl/pressroom
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OPEN TEXT REPORTS FOURTH QUARTER 2005 FINANCIAL RESULTS
Waterloo, ON - 2005-09-08 - Open Text(tm) Corporation (NASDAQ:OTEX) (TSX:OTC), the leading independent provider of enterprise content management (ECM) software, today announced unaudited financial results for its fourth quarter and fiscal year that ended June 30, 2005.
Total revenue for the fourth quarter was $109.4 million, compared to $105.0 million for the same period in the prior fiscal year. License revenue in the fourth quarter was $37.0 million, compared to $42.3 million in the fourth quarter of the prior fiscal year. Adjusted net income in the quarter was $9.0 million or $0.18 per share on a diluted basis, compared to $14.5 million or $0.27 per share on a diluted basis for the same period in the prior fiscal year. Net income in accordance with U.S. generally accepted accounting principles ("US GAAP") was $5.0 million or $0.10 per share on a diluted basis, compared to $9.0 million or $0.16 per share on a diluted basis for the same period in the prior fiscal year.
Total revenue for fiscal year 2005 was $414.8 million, compared to $291.1 million for the previous fiscal year. License revenue for fiscal year 2005 was $136.5 million, compared to $121.6 million in the previous fiscal year. Adjusted net income for fiscal year 2005 was $39.1 million, or $0.75 per share on a diluted basis, compared to adjusted net income of $40.1 million, or $0.85 per share on a diluted basis, for the prior fiscal year. Net income for fiscal year 2005 in accordance with US GAAP was $20.4 million, or $0.39 per share on a diluted basis, compared to the prior year's net income of $23.3 million, or $0.49 per share on a diluted basis. (2)
Operating cash flow in the fourth fiscal quarter was $9.6 million.
Accounts receivable as of June 30, 2005, totaled $81.9 million, compared to $83.0 million at June 30, 2004, and Days Sales Outstanding (DSO) was 67 days in the fourth quarter of fiscal 2005, compared to 71 days in the fourth quarter of fiscal 2004.
Open Text's cash position remains strong. At the end of fiscal 2005, the Company had $82.3 million in cash, cash equivalents, and short-term investments. During the fourth quarter the Company repurchased approximately 1.0 million Common Shares under its share buyback program at a total cost of $16.1 million. Open Text has no debt.
"My primary objective for fiscal 2006 is to significantly increase Open Text's profitability. Actions are well underway to rationalize staff levels and consolidate facilities to meet this goal. These actions will result in a savings of approximately $30.0 million for the current fiscal year and on an annualized basis, approximately $40.0 million beginning in fiscal 2007," said John Shackleton, President and CEO of Open Text. "At the same time we are focusing on key initiatives, particularly email archiving and records management, which we believe are strategic to the ECM market."
Guidance
For the first quarter of fiscal 2006 (ending September 30, 2005), the Company estimates revenue will be in the range of $85 million to $95 million with adjusted EPS of approximately $0.04 to $0.15.
The Company expects to take a restructuring charge of approximately $25 million to $30 million, with the majority of this charge being recorded during the first fiscal quarter ending September 30, 2005.
Open Text's actual results for future periods and any charges taken may vary from the guidance presented and such variations may be material.
Please see the Safe Harbour language below for information on the risks and uncertainties that may cause such variations. Please see note (2) below for a reconciliation of non-US GAAP based financial measures used in this press release, to US GAAP based financial measures.
About Open Text
Open Text(tm) is a market leader in providing Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports almost 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to:
www.opentext.com.